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Market pressure eases but no cause for optimism

Although prices may be close to a bottom after the selling of the past few weeks, which has taken the Straits Times Index down 7.5 per cent for the year so far, it's difficult to be too optimistic about the local market's prospects in the week ahead.

PHOTO: ST FILE

ALTHOUGH prices may be close to a bottom after the selling of the past few weeks, which has taken the Straits Times Index down 7.5 per cent for the year so far, it's difficult to be too optimistic about the local market's prospects in the week ahead.